DOGE (DOGEUSD) Breakout Long Trade 0.001025 8OCt17

BITTREX:DOGEUSD   Dogecoin / US Dollar (calculated by TradingView)
DOGE has been in a significant downtrend and is potentially looking to breakout to the upside.

We have to be aware that this is a counter-trend trade being in a downtrend, however, since we are keeping our stop loss tight it is worth the risk for a high probability trade.

Up to you to decide whether you wait for confirmation of the breakout before entering or you enter at current prices at a reduced risk.

2 Targets (T1 and T2)

R:R 3.5:1

Sean Vengan
Professional Trader and Trading Educator

1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
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Kommentar: If you are not in my DOGEUSD call you may want to consider it...
noob anlysis
@SEAN_VENGAN Hey Sean - I take it you're still in this trade?
@yeders, Correct
I am.. It's cheap and therefore low risk for me... Why not.
Im in now, lets see :)
I can't purchase dogeusd on kraken. Would you be against buying dogebtc?
Here's the latest announcement of coins being discontinued on BTC38

Dear user:
According to the "Notice on Preventing the Risk of Issuance and Issuance of Tuen Coins" issued by the People's Bank of China, and the spirit of "further clearing and defending the counterfeit currency and other virtual currency trading places", the bit era actively responded to supervision and comprehensively carried out to guard against the spirit of risk, Thinking, and actively communicate with the regulatory authorities decided that the bit will be on October 13 at 12 noon to stop the following currency transactions, since the announcement date, the following currency billing function has been closed:
System currency SYS, prime money XPM, black bar BLK, rising currency EMC, Dacha currency, XZC
The above currencies will be discontinued at 12:00 noon on October 13, and you will be able to withdraw your digital assets to your personal wallet or other platform at any time. We will continue in batches continue to stop the sale of other currencies, is expected to stop around October 31 all.
Doge is dead, better invest long term with crypto with actual use case
+2 Antworten
Benjamix Debian1177
@Debian1177, Dogecoin will never die.. It's community is like a bunch of cyber hippies.. They keep it alive to throw pie in the face of over marketed crap coins.. It will always be the first to do so..
Hi Sean!
Couldn't find a way to buy Doge via USD, so had a look at the Doge/Btc chart and your observation is quite right. It does seem to have hit the rock bottom, and in each of the previous instances, it had shot up for a while. However, I did see that the market depth is highly skewed against the favor of it rising. My question to you is, How much does market depth matter for trading? Also, thanks a ton for all your analysis.
+1 Antworten
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